The Gem & Jewellery Export Promotion Council (GJEPC) has marked a historic milestone with the commencement of construction at India Jewellery Park Mumbai (IJPM) in Mahape, Navi Mumbai. With Phase 1 covering 24.97 lakh sq. ft. of construction area, the project aims to strengthen India’s jewellery manufacturing ecosystem, attract investment and create employment opportunities.
Quick Summary
- GJEPC marked the commencement of construction of India Jewellery Park Mumbai at Mahape, Navi Mumbai, on 25 October 2026.
- Phase 1 will cover four blocks—A4, A5, A6 and A7—with a planned construction area of 24.97 lakh sq. ft.
- The entire project spans 21.30 acres, with a planned total construction area of approximately 65.61 lakh sq. ft.
- The project has an estimated investment potential of ₹50,000 crore and is expected to create around one lakh direct and indirect jobs.
- Manufacturing spaces for large and medium units will offer floor plates ranging from 1,000 to 25,000 sq. ft.
- More than 70 companies have expressed interest in investing in the Park.
- Eligible units may benefit from incentives under the Maharashtra Gems and Jewellery Policy 2025, subject to applicable conditions.
Construction Commences at India Jewellery Park Mumbai
The Gem & Jewellery Export Promotion Council (GJEPC) today marked a historic milestone in the development of India Jewellery Park Mumbai (IJPM) with the commencement of construction at Mahape, Navi Mumbai. The ceremony marks the transition of this long-cherished industry vision into the construction phase, bringing India’s ambition to establish a world-class, integrated jewellery manufacturing hub a significant step closer to reality.
Dignitaries and Industry Leaders Attend the Ceremony
The ceremony was attended by Shri Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra; Shri Eknath Shinde, Hon’ble Deputy Chief Minister of Maharashtra; Shri Ganesh Naik, Hon’ble Minister for Forests, Government of Maharashtra; Smt. Mandatai Mhatre, Member of the Maharashtra Legislative Council, Belapur Constituency, Navi Mumbai; Dr. P. Anbalagan, Principal Secretary (Industries, Investment & Services) and CEO, Invest Maharashtra, Government of Maharashtra; Shri Deependra Kushwah, CEO, MIDC; Shri Sandeep Ganesh Naik, Former member of legislative assembly, Maharashtra; Shri Kirit Bhansali, Chairman, GJEPC; Shri Shaunak Parikh, Vice Chairman, GJEPC; Shri Anil Virani, Convener, Audit & Finance, GJEPC; Shri Anoop Mehta, Project Convener, India Jewellery Park Mumbai; Shri Pramod Agrawal, Chairman, National Gems & Jewellery Council of India; Shri Rajesh Rokhde, Chairman, GJC; Shri Colin Shah, former Chairman, GJEPC; Shri Saurabh Gadgil, Chairman and MD, PNG Jewellers; Shri Sabyasachi Ray, ED, GJEPC and Shri Sanjiv Sharma, Director, ACIL.
India Jewellery Park Mumbai: Project Scale and Infrastructure
Spread across 21.30 acres in Mahape, Navi Mumbai, India Jewellery Park Mumbai is planned with a total construction area of approximately 65.61 lakh sq. ft. and a carpet area of 34.35 lakh sq. ft. The development will comprise 10 blocks: eight blocks for large and medium manufacturing units, one block for small manufacturing units and one block for commercial offices. Manufacturing spaces for large and medium units will offer floor plates ranging from 1,000 to 25,000 sq. ft., catering to businesses of different scales. Prices start from Rs. 10400/sq. ft., zero stamp duty and zero transfer charges.
Phase 1 Construction and Approvals
Phase 1 will cover four blocks—A4, A5, A6 and A7—with a planned construction area of 24.97 lakh sq. ft. and a carpet area of 13.32 lakh sq. ft. All statutory approvals have been obtained and bank financing has been approved.
Maharashtra Chief Minister Highlights Investment and Employment Potential
Shri Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra said, “The India Jewellery Park Mumbai is the future of our gem and jewellery industry. With the commencement of construction, we are taking a decisive step towards creating world-class infrastructure that will strengthen manufacturing, attract investments and generate employment. With an estimated investment potential of ₹50,000 crore and the capacity to create around one lakh direct and indirect jobs, the Park will be a major catalyst for Maharashtra’s economic growth.
FTAs and Global Opportunities for Indian Jewellery Manufacturing
As India expands its global trade partnerships through Free Trade Agreements (FTAs) with key markets, our industry stands to gain new opportunities for exports, market access and international collaboration. The India Jewellery Park Mumbai will provide the infrastructure and ecosystem needed to seize these opportunities and take Indian jewellery manufacturing to greater heights. Maharashtra is committed to supporting this growth through progressive policies, a business-friendly environment and strong infrastructure. Together with GJEPC, we are laying the foundation for a stronger, more competitive and globally connected gem and jewellery industry.”
Eknath Shinde Emphasises Maharashtra’s Jewellery Manufacturing Legacy
Eknath Shinde, Deputy Chief Minister of Maharashtra said, “India Jewellery Park Mumbai is a landmark project that will give fresh impetus to Maharashtra’s economic growth. From Zaveri Bazaar, SEEPZ to Bharat Diamond Bourse, Maharashtra has built a strong legacy in this industry. India Jewellery Park Mumbai will take that legacy forward by bringing manufacturing, skilled artisans, design, technology and innovation together under one roof.
Skill Development and Opportunities for Artisans
Our artisans and skilled designers are the backbone of this industry. Through skill development, we will create new opportunities for our youth, empower our workforce and help our manufacturers compete on the global stage. This is not just a project for the gem and jewellery industry; it is an important step towards building a stronger, more self-reliant Maharashtra.”
Ganesh Naik on Maharashtra’s Global Jewellery Industry Ambitions
Shri Ganesh Naik, Minister of Forests, Government of Maharashtra said, “Maharashtra has always been at the forefront of India’s economic and industrial growth. The India Jewellery Park Mumbai (IJPM) in Navi Mumbai will be a major milestone in strengthening the state’s position as a global hub for the gems and jewellery industry. With the support of the government and industry stakeholders, this landmark project will create new opportunities for investment, employment and growth, while giving a strong boost to the sector. IJPM will contribute to Maharashtra’s economic progress and help realise the vision of a developed India, as envisaged by Hon’ble Prime Minister Shri Narendra Modi under Viksit Bharat.”
GJEPC Chairman Kirit Bhansali on Industry Growth and Competitiveness
Shri Kirit Bhansali, Chairman, GJEPC said, “India Jewellery Park Mumbai will be a game-changer for India’s gem and jewellery industry. By bringing manufacturers, artisans and allied services under one roof, it will create new opportunities for MSMEs, encourage investment, generate employment and strengthen India’s jewellery manufacturing capabilities. With the support of the Maharashtra Government and the incentives offered under the Maharashtra Gems and Jewellery Policy 2025, the Park will help businesses grow, promote Indian jewellery brands and enhance our competitiveness in global markets. It will be an important step towards achieving India’s ambitious gem and jewellery export targets and establishing Brand India as a global symbol of craftsmanship, quality and innovation.”
Maharashtra Government Policy Incentives for Jewellery Businesses
The project will benefit from the Maharashtra Government’s policy support for the gem and jewellery sector. Incentives outlined for eligible units include stamp duty and MIDC transfer fee exemptions, a 50% SGST waiver for the specified eligibility period, electricity duty exemptions and interest subsidies on term loans for MSMEs. Eligible lab-grown diamond units may also benefit from electricity tariff support, subject to the applicable conditions. A single-window clearance mechanism under the MAITRI policy is intended to simplify approvals and improve the ease of doing business.
More Than 70 Companies Express Interest in the Park
The project has already generated encouraging interest from industry participants, with more than 70 companies expressing interest in investing in the Park. This response reflects industry confidence in the project’s potential and the opportunity to build a modern, globally competitive manufacturing ecosystem in Maharashtra.
Maharashtra Gems and Jewellery Policy 2025 Strengthens Investment Proposition
The Maharashtra Government’s dedicated Gems and Jewellery Policy 2025 further strengthens the investment proposition by providing sector-specific support. The Park is expected to facilitate business expansion, create opportunities for skilled and semi-skilled workers, and strengthen the network of ancillary services that support jewellery manufacturing.
GJEPC Invites Industry Stakeholders to Participate
As construction commences, GJEPC has called upon manufacturers, jewellery businesses and other industry stakeholders to participate in the project and explore opportunities to establish their units at the Park. The development is intended to serve as a shared industry asset—one that supports the next phase of growth in Indian jewellery manufacturing and enhances the country’s global competitiveness.
About The Gem and Jewellery Export Promotion Council (GJEPC)
The Gem & Jewellery Export Promotion Council (GJEPC), set up by the Ministry of Commerce, Government of India (GoI) in 1966, is one of several Export Promotion Councils (EPCs) launched by the Indian Government, to boost the country’s export thrust, when India’s post-Independence economy began making forays in the international markets. Since 1998, the GJEPC has been granted autonomous status. The GJEPC is the apex body of the gems & jewellery industry and today represents 11000+ members in the sector. With headquarters in Mumbai, GJEPC has Regional Offices in New Delhi, Kolkata, Chennai, Surat and Jaipur, all of which are major centres for the industry. It thus has a wide reach and is able to have a closer interaction with members to serve them in a direct and more meaningful manner. Over the past decades, GJEPC has emerged as one of the most active EPCs and has continuously strived to both expand its reach and depth in its promotional activities as well as widen and increase services to its members.
FAQs
What is India Jewellery Park Mumbai?
India Jewellery Park Mumbai (IJPM) is an integrated jewellery manufacturing hub being developed by GJEPC at Mahape, Navi Mumbai.
When did construction of India Jewellery Park Mumbai commence?
Construction commenced on 25 October 2026.
How large is India Jewellery Park Mumbai?
The project spans 21.30 acres and is planned to have approximately 65.61 lakh sq. ft. of total construction area and 34.35 lakh sq. ft. of carpet area.
What is the construction area of Phase 1?
Phase 1 covers four blocks—A4, A5, A6 and A7—with a planned construction area of 24.97 lakh sq. ft. and a carpet area of 13.32 lakh sq. ft.
What is the investment and employment potential of the project?
According to the Maharashtra Chief Minister’s statement in the press release, the Park has an estimated investment potential of ₹50,000 crore and the capacity to create around one lakh direct and indirect jobs.
What incentives may be available to eligible businesses?
The press release lists incentives such as stamp duty and MIDC transfer fee exemptions, a 50% SGST waiver for the specified eligibility period, electricity duty exemptions and interest subsidies on term loans for MSMEs. Eligible lab-grown diamond units may also receive electricity tariff support, subject to applicable conditions.
How many companies have expressed interest in investing in the Park?
More than 70 companies have expressed interest in investing in the Park.
Source: SVAR Media Network
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